Company registration number:
05315306
Northern Limited
Unaudited filleted financial statements
30 June 2023
Northern Limited
Contents
Balance sheet
Notes to the financial statements
Northern Limited
Balance sheet
30 June 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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5 |
315,216 |
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315,216 |
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_______ |
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_______ |
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315,216 |
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315,216 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
215) |
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(
215) |
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_______ |
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_______ |
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Net current liabilities |
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(
215) |
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(
215) |
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_______ |
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_______ |
Total assets less current liabilities |
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315,001 |
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315,001 |
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_______ |
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_______ |
Net assets |
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315,001 |
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315,001 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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315,001 |
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315,001 |
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_______ |
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_______ |
Shareholders funds |
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315,001 |
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315,001 |
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_______ |
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_______ |
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 March 2024
, and are signed on behalf of the board by:
Mr Z H Younis
Director
Company registration number:
05315306
Northern Limited
Notes to the financial statements
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is The Cube, Haverton Hill Road, Billingham, TS23 1PY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 July 2022 and 30 June 2023 |
315,216 |
315,216 |
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_______ |
_______ |
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Impairment |
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At 1 July 2022 and 30 June 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 30 June 2023 |
315,216 |
315,216 |
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_______ |
_______ |
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At 30 June 2022 |
315,216 |
315,216 |
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_______ |
_______ |
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Investments in group undertakings |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Hartburn Darlington Limited |
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Ordinary |
100 |
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Beau Visage Hartburn Limited |
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Ordinary |
100 |
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Cleveland Fire Safety Limited |
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Ordinary |
100 |
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Hartburn Tanning Limited |
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Ordinary |
100 |
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Prism Global Limited |
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Ordinary |
100 |
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Magnum Properties (NE) Limited |
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Ordinary |
100 |
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Goldmine Tanning Limited |
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Ordinary |
100 |
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6.
Creditors: amounts falling due within one year
|
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|
2023 |
2022 |
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|
£ |
£ |
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Other creditors |
|
215 |
215 |
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_______ |
_______ |
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7.
Called up share capital
Authorised share capital
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2023 |
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2022 |
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|
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No |
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£ |
|
No |
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£ |
|
Ordinary shares shares of £
1.00 each |
|
315,001 |
|
315,001 |
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315,001 |
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315,001 |
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_______ |
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_______ |
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_______ |
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_______ |
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Issued, called up and fully paid
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2023 |
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2022 |
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No |
|
£ |
|
No |
|
£ |
|
Ordinary shares shares of £
1.00 each |
|
315,001 |
|
315,001 |
|
315,001 |
|
315,001 |
|
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_______ |
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_______ |
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_______ |
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_______ |
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8.
Directors advances, credits and guarantees
There were no directors advances, credits or guarantees in the year.